Borough government · Burlington County, NJ

Palmyra's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Palmyra took in $11.7 million and spent $7.9 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Borough taxes75%Fees for services (sewer)16%Fines and other6.5%State tax money3.2%Federal tax money0.1%

What stands out

73%

of Palmyra's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes75%

Property tax
73%$8.5 million
Other taxes
1.7%$204 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$101 thousand
  • Public utility taxes$89 thousand
  • Alcoholic beverage licenses$14 thousand

Amounts are by Census tax category.

Fees for services16%

Fees for services
16%$1.8 million
What's in fees for servicesSewer and other service charges
  • Sewer$1.8 million
  • Other service charges$61 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
0.1%$16 thousand

State tax money3.2%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
3.2%$371 thousand

Fines and other6.5%

Interest, rents and other
3.6%$423 thousand
Fines
2.8%$332 thousand

Where it goes

Running the government and other costs36%Police, fire, courts and jails31%Water, sewer, trash and utilities23%Roads, transit and parking5.9%Interest on debt4.1%All other spending1.2%

What stands out

31%

of Palmyra's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
36%$2.8 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$2.4 million
  • Central staff services (personnel, purchasing, technology)$223 thousand
  • Finance, tax collection and budgeting$215 thousand
  • Government buildings$48 thousand
Police, fire, courts and jails
31%$2.4 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$1.9 million
  • Courts and legal services$224 thousand
  • Fire protection$219 thousand
  • Inspections and regulation$65 thousand
Water, sewer, trash and utilities
23%$1.8 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$1.1 million
  • Garbage and solid waste$704 thousand
Roads, transit and parking
5.9%$467 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$467 thousand
Interest on debt
4.1%$329 thousand
Health and hospitals
0.9%$73 thousand
What's in health and hospitalsPublic health
  • Public health$73 thousand
Parks, recreation and libraries
0.2%$19 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$19 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Palmyra. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Palmyra itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.